Trump family not aware of much going on in their business

[Leo123]

No. Im a sharp cookie and I can smell bullshit a mile off.

I'm sure you can, you certainly seem to swallow lots of it.

 

[whitehall]

While (foreign) lefties are strangely interested in the financial history of the complicated Trump empire it seems that the actual president may not be aware of current events.

 

[Leo123]

Trumps business was based on stolen money. Nothing to be proud about.

No it wasn't.

 

[Leo123]

actually their are federal guidelines as its called the code for real estate lending.

IF lender does not follow them as outlined then they can be fined or banned from doing business.

§ 34.62 Real estate lending standards.​

(a) Each national bank shall adopt and maintain written policies that establish appropriate limits and standards for extensions of credit that are secured by liens on or interests in real estate, or that are made for the purpose of financing permanent improvements to real estate.

(b)
(1) Real estate lending policies adopted pursuant to this section must:
(i) Be consistent with safe and sound banking practices;
(ii) Be appropriate to the size of the institution and the nature and scope of its operations; and
(iii) Be reviewed and approved by the bank's board of directors at least annually.
(2) The lending policies must establish:
(i) Loan portfolio diversification standards;
(ii) Prudent underwriting standards, including loan-to-value limits, that are clear and measurable;
(iii) Loan administration procedures for the bank's real estate portfolio; and
(iv) Documentation, approval, and reporting requirements to monitor compliance with the bank's real estate lending policies.

(c) Each national bank must monitor conditions in the real estate market in its lending area to ensure that its real estate lending policies continue to be appropriate for current market conditions.

(d) The real estate lending policies adopted pursuant to this section should reflect consideration of the Interagency Guidelines for Real Estate Lending Policies established by the Federal bank and thrift supervisory agencies.

Seems to me the veracity of the loan they give sits squarely on the shoulders of the bank. Is Fani indicting the bank? NOPE. Likely because they FOLLOWED all those guidelines and she just wanted to 'get Trump.' She's a fraud.

 

[lennypartiv]

Tommy doesn't understand how business is done.

 

[Tommy Tainant]

The trump team on here seems to be having a lot of trouble refuting the substance pf the OP.

As usual they respond with personal abuse and deflection.

Trumps business talents seem to be no more than knowing how to lie in order to get finance.

When you remove his gold plated shitter there isnt much left is there ?

 

[initforme]

All Uber wealthy people are aware. And they don't get wealthy following laws and morals.

 

[Zincwarrior]

Tommy doesn't understand how business is done.

I do. They are signing docs. That means its their ass.

 

[Tommy Tainant]

Tommy doesn't understand how business is done.

Looks like the prosecution and the Judge understand it well enough. Trump is already guilty.

 

[Kilroy2]

Seems to me the veracity of the loan they give sits squarely on the shoulders of the bank. Is Fani indicting the bank? NOPE. Likely because they FOLLOWED all those guidelines and she just wanted to 'get Trump.' She's a fraud.

Well that is just one side of the coin. If there are laws to protect the consumers then there are laws to protect the financial institution and ways to address grievances done to them in the course of business.

Such as false statements to lender which include loan fraud, mortgage fraud , and any financial misrepresentation to the bank for financial gain is illegal.

False Statements to Deceive A Financial Institution

False statements to deceive a financial institution is considered a white collar crime. Several types of conduct done to overvalue property may occur in loan applications, purchase agreements, or extension of credit. LegalMatch provides legal insights in their online law library to help you with...

www.legalmatch.com

 

[Leo123]

Well that is just one side of the coin. If there are laws to protect the consumers then there are laws to protect the financial institution and ways to address grievances done to them in the course of business.

Such as false statements to lender which include loan fraud, mortgage fraud , and any financial misrepresentation to the bank for financial gain is illegal.

False Statements to Deceive A Financial Institution

False statements to deceive a financial institution is considered a white collar crime. Several types of conduct done to overvalue property may occur in loan applications, purchase agreements, or extension of credit. LegalMatch provides legal insights in their online law library to help you with...

www.legalmatch.com

Trump told the bank to do their own valuation so, he did not intend to defraud.

 

[Kilroy2]

Trump told the bank to do their own valuation so, he did not intend to defraud.

At the trial, she was shown a 2011 email in which she acknowledged that a requirement by lender Deutsche Bank that her father maintain a net worth of at least $3 billion was a problem
that they "have known from day one" but encouraged company officials to approve it anyway.


That year, Trump claimed a net worth of $4.3 billion in financial statements, with James' office stating Trump's net worth was actually $1.6 billion in 2011.

gee someone is lying.

Donald Trump's Deutsche Bank ties unravel

The former president and his daughter Ivanka Trump have both denied they misled the German lender during the civil fraud trial.

www.newsweek.com

 

[Leo123]

At the trial, she was shown a 2011 email in which she acknowledged that a requirement by lender Deutsche Bank that her father maintain a net worth of at least $3 billion was a problem
that they "have known from day one" but encouraged company officials to approve it anyway.


That year, Trump claimed a net worth of $4.3 billion in financial statements, with James' office stating Trump's net worth was actually $1.6 billion in 2011.

gee someone is lying.

Donald Trump's Deutsche Bank ties unravel

The former president and his daughter Ivanka Trump have both denied they misled the German lender during the civil fraud trial.

www.newsweek.com

James is lying.